North Dakota rig count at historic low
At 29, the rig count in North Dakota, the No. 2 oil producer in the United States, is at its lowest level in more than a decade, state data show. Continue Reading
If oil stays cheap, household spending could rise: Fed paper
Fuel prices are displayed on a pump at a Mobil gas station in the Brooklyn borough of New York February 3, 2016. The dramatic drop in the price of oil Continue Reading
Fossil Fuel Companies Need to Become Renewable Energy Companies
It seems clear that Exxon Mobil and other parts of the fossil fuel industry have tried to suppress the science of climate change. I am not surprised that these companies Continue Reading
British shale oil may be ready to boom
Report finds “Gatwick Gusher” inland shale oil basin could add billions of dollars to the British economy and potentially offset natural declines from the North Sea. Photo courtesy of U.K. Continue Reading
Italy’s gas imports from Russia hit new low, Algerian flows at steady
* Just 48 million cu m of Russian gas reached Italy Sunday * Supplies from northwest Europe at lowest since October 2015 * Algerian exports to Italy remain above 60 Continue Reading
A Personal Appreciation of M. King Hubbert
A recent vacation afforded me the opportunity to read The Oracle of Oil , Mason Inman’s excellent new biography of Marion King Hubbert. I strongly recommend it. But, rather than Continue Reading
Oil Prices Slide After Doha Talks Fail to Bring Production Freeze
A worker drilling for oil using a hand-powered winch at a field in the Bago… Oil prices slid on Monday after key producers failed to negotiate a curb on their Continue Reading
Botched Doha deal undermines OPEC credibility, oil prices tumble
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters Continue Reading
No Agreement on Oil Freeze at Doha Meeting
Oil producers that supply almost half the world’s crude failed Sunday to negotiate a production freeze intended to strengthen prices. The talks collapsed after Saudi Arabia surprised the group by Continue Reading
Saudi Arabia Kills Doha Deal, Talks Fall Apart
By now everyone not living under a rock has heard the Doha talks have collapsed without a deal, but it is hard to overstate how surprising the outcome was to Continue Reading